Bitcoin Blog a1

Tuesday, July 14, 2015

Bitcoin, a mystery of the internet

While my auto-play was on YouTube I ran into this video. Some the information about bitcoin isn't 100% correct ( like bitcoin isn't completely anonymous) but it is still an interesting video. Some of the claims of the purpose of bitcoin seem a bit outlandish to me. It asserts removing power from government is the purpose of bitcoin. However, if this is the purpose of bitcoin, bitcoin has largely failed in this purpose. The assertions regarding standard of living increasing upon the mass adoption of bitcoin seem unfounded and without merit.

Despite some of the flaws, it is still interesting to see bitcoin grow in popularity,